Le Viêt Nam, aujourd'hui

Vietnam's currency, the dong , could lose 5-6 percent of its value against the dollar this year, a government advisory agency predicted on Monday.

Le Vietnam lutte pour reprendre le contrôle d'une inflation galopante et d'une monnaie en chute libre, mais au-delà de ces grands déséquilibres, le pouvoir combat un ennemi plus sournois: la perte de confiance des acteurs économiques.

With the State Bank of Vietnam today increasing the interbank dollar exchange rate for the eighth time this month, the ceiling price at banks rose to VND20,930.

The international credit rating agency Standard & Poor's has announced its downgrade of Vietnam's local currency long-term rating from BB- to BB as it has recently revised the methodology and assumptions for rating sovereign governments.

The counterfeit money detected in the bank systems and state treasury in the first half of this year has seen a decline over the previous years, newswire VnExpress reported.

Vietnam's dong fell by the most in three weeks after Credit Suisse Group AG said the currency's recent stability will likely be temporary and it will resume weakening by end of the year. government bonds dropped.

Vietnam's large currency devaluation this month will likely weaken asset quality at the country's banks, while exacerbating liquidity management problems, Moody's Investors Service said on Monday.

The International Monetary Fund welcomed changes to Vietnam's currency regime and devaluation on Friday, but said the authorities needed a "broader set of policies" to restore macroeconomic stability.

Vietnam's devaluation of the dong yesterday by about 7 percent, the most since at least 1993, needs to be followed with steps to curb inflation, the International Monetary Fund and Citigroup Inc. said.

Vietnam's dong has gained "strongly" this month in the so-called black market after "tense signs" the previous month, the central bank said in a statement on its website today.

While banks continue quoting the US dollar at 19,500 dong, the greenback is changing hands on the unofficial market at a new record of nearly 21,000 dong yesterday afternoon.

La Banque centrale vietnamienne a annoncé vendredi pour la première fois en un an une augmentation de son taux directeur de 8 à 9% pour faire face à une forte pression inflationniste et à un passage difficile pour sa monnaie, le dong.

Vietnam’s inflation accelerated to a 19-month high, a sign that an August currency devaluation may be hurting efforts to restrain prices.

Vietnam's dong is about 2 percent cheaper to buy in the black market than the rate banks pay and devaluations are likely in 2011 to bring the official exchange rate into line, according to Credit Agricole CIB.

Vietnam devalued its currency for the third time since November, moving to reverse a slump in exports that helped to drive stocks close to a bear market.